Barrington analyst James Goss maintained a Buy rating on Lions Gate Ent Corp Cl A (LGF.A) today and set a price target of $27. The company’s shares closed yesterday at $16.40, close to its 52-week low of $13.63.
Goss said:
“Reaffirm OUTPERFORM : Our fiscal 2019‐based price target is $27. The Starz platform is viewed as complementary and an extension of the film and television content creation capabilities and sizable libraries that represents the core Lionsgate strength. Management’s risk mitigation skills highlight a measured risk‐taking approach. Management continues its efforts to right‐size the balance sheet and reduce leverage, which currently stands at about 5x.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.6% and a 58.8% success rate. Goss covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, iPic Entertainment Inc, and Sirius XM Holdings Inc.
Currently, the analyst consensus on Lions Gate Ent Corp Cl A is a Strong Buy with an average price target of $26.63.
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The company has a one-year high of $30.35 and a one-year low of $13.63. Currently, Lions Gate Ent Corp Cl A has an average volume of 1.09M.
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Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.
